If you have a credit card balance that is going through the roof, now is the time to consider switching lenders.
There are plenty of lenders all waiting to take on your debt but which is the best credit card lender? Well, a good start is to look for a lender that is offering 0% APR interest for a period of time.
Shop around and gather information on who offers not only the longest 0% APR deal but what their rates will be after the deal ceases.
This is very import as you could be paying far more interest than you anticipated.
Also be aware of the balance transfer fee which is often in the region of 3% of your balance.
So if you want to transfer $5000 then you will be charged $150.
But as the $5000 will then generate no interest for a fixed period of around 10-12 months, its usually worth taking the hit.
When looking around for a new card consider other charges such as foreign charges.
Lenders don't all charge the same amount when you are travelling - or on vacation aboard so look into the charges.
It is important to be control of your credit card so your credit rating remains good and sound.
You never know when you want additional, unexpected credit in the future and its nice to have the knowledge that money could be available from a lender if you so needed it.
You may have unexpected house or car repairs, maybe medical expenses.
Don't spoil your credit rating as you will be limiting the amount of lenders willing to lend to you.
You will lose choice and will be limited to a small amount of lenders that will be prepared to lend you money.
This inevitability will mean you could end up pay a higher rate of interest in the long run.
Be sure you always make your payment on time and contact your lender immediately if you have any problems at all finding the payments.
There are plenty of lenders all waiting to take on your debt but which is the best credit card lender? Well, a good start is to look for a lender that is offering 0% APR interest for a period of time.
Shop around and gather information on who offers not only the longest 0% APR deal but what their rates will be after the deal ceases.
This is very import as you could be paying far more interest than you anticipated.
Also be aware of the balance transfer fee which is often in the region of 3% of your balance.
So if you want to transfer $5000 then you will be charged $150.
But as the $5000 will then generate no interest for a fixed period of around 10-12 months, its usually worth taking the hit.
When looking around for a new card consider other charges such as foreign charges.
Lenders don't all charge the same amount when you are travelling - or on vacation aboard so look into the charges.
It is important to be control of your credit card so your credit rating remains good and sound.
You never know when you want additional, unexpected credit in the future and its nice to have the knowledge that money could be available from a lender if you so needed it.
You may have unexpected house or car repairs, maybe medical expenses.
Don't spoil your credit rating as you will be limiting the amount of lenders willing to lend to you.
You will lose choice and will be limited to a small amount of lenders that will be prepared to lend you money.
This inevitability will mean you could end up pay a higher rate of interest in the long run.
Be sure you always make your payment on time and contact your lender immediately if you have any problems at all finding the payments.